SBI VC Trade has become the first licensed exchange in Japan to launch a USDC 
lending service, offering an introductory 10% annual yield. SBI VC Trade, a 
subsidiary of SBI Holdings, announced it will launch its “USDC Lending” 
service on March 19th, 2026, marking a first for licensed operators in Japan. 
The service allows customers […]

SBI VC Trade Launches Japan’s First Licensed USDC Lending Service

Expectation of a relief rally came despite a widely used crypto sentiment 
indicator falling back into “Extreme Fear” on Wednesday.

Crypto traders eye ‘bullish relief rally’ after Fed holds rates steady

On-chain data shows the 365-day Bitcoin MVRV Ratio has recently been sitting 
deep inside the negative zone, implying long-term buyers are underwater. 
Bitcoin MVRV Ratio Suggests 1-Year Holders Still In Pain In a new post on X, 
on-chain analytics firm Santiment has talked about how the short-term and 
long-term Bitcoin returns have been looking from the perspective of the Market 
Value to Realized Value (MVRV) Ratio. This indicator keeps track of the ratio 
between the Market Cap of BTC and its Realized Cap. Related Reading: Bitcoin 
STH Profit-Taking Ramps Up As Price Breaks $74,000 The Market Cap here is 
simply the total value of the Bitcoin circulating supply at the current spot 
price. This metric can be considered as an estimate of the value that the 
investors as a whole are carrying in the present. The Realized Cap, in 
contrast, measures the value that the holders initially put into the 
cryptocurrency. It does so by summing up the last blockchain transaction price 
of each token in circulation. As the MVRV Ratio compares the two metrics, its 
value essentially tells us about the profit-loss status of the network. When 
the indicator is greater than 1, it means the investors as a whole are sitting 
on some net unrealized profit. On the other hand, it being under the threshold 
suggests the dominance of loss in the market. In the context of the current 
topic, the MVRV Ratio of the entire network isn&#8217;t of interest, but rather that 
of two segments of it: 30-day and 365-day buyers. Below is the chart shared by 
Santiment that shows the trend in the metric separately for the two Bitcoin 
cohorts. In the graph, the MVRV Ratio is displayed as a percentage, with the 1 
level corresponding to the 0% mark. It would appear that the metric was 
sitting at +7.1% for the 30-day investors at the time that the analytics firm 
made the post, indicating a profitable status for the recent buyers. 
Generally, holders become more likely to sell the larger that their profits 
get, so it&#8217;s possible that these short-term traders could be tempted to take 
their gains of the rally. BTC has seen a notable pullback in the past day and 
it may be due to profit realization from these investors. While the new buyers 
have been in gains, the 1-year investors haven&#8217;t been so fortunate. As is 
visible in the chart, the MVRV Ratio of this cohort has been around -22.1% 
recently, which is inside a region that Santiment defines as pertaining to an 
&#8220;opportunity&#8221; zone. Related Reading: Cardano Chop Nearing End? Here’s The Key 
Resistance To Watch Given this dominance of losses among this cohort, Bitcoin 
may not be set up badly from a long-term perspective. It only remains to be 
seen, however, how the asset will develop in the coming months. BTC Price 
Bitcoin has plummeted to the $71,100 level following its price drop over the 
past day. Featured image from Dall-E, chart from TradingView.com

Bitcoin Long-Term MVRV Remains In ‘Opportunity’ Zone: Data

Evernorth is moving closer to a public listing after filing a Form S-4 with 
the SEC, the final major regulatory hurdle of its SPAC merger plan.

XRP treasury Evernorth files with SEC to list shares on Nasdaq

Kucoin will launch immersive activations at Tomorrowland Winter 2026, 
scheduled for March 21–28 in Alpe d’Huez, France. The festival will feature 
renowned artists like Steve Aoki and Dimitri Vegas. Bridging Digital Finance 
and Global Culture Cryptocurrency exchange platform Kucoin is set to debut a 
series of immersive activations at the electronic music festival Tomorrowland 
Winter […]

Cryptocurrency price in KWD